TheCorporateCounsel.net

August 14, 2006

Posted! The SEC’s Executive Compensation Disclosure Adopting Release

On Friday, the SEC posted the 436-page adopting release for its executive compensation disclosure rules. The compliance dates appear on page 2 – but you should also read pages 195-197 for more information about those important dates, including transition details. And thanks to Faegre & Benson for this useful Table of Contents to slap on your copy of the adopting release. Hours after its issuance, Mark Borges already had made his first stab at analyzing the adopting release in his “Proxy Disclosure Blog.”

With just a few weeks left, folks are registering in droves for our two-day Conference – “Implementing the SEC’s New Executive Compensation Disclosures: What You Need to Do Now!” – which will be held live in Washington DC at the Marriott Wardman Park on September 11-12. Rooms are filling up fast – here is how to obtain special room rates.

If you come to Washington DC to take in the conference, you still will get access to the video archive of the Conference, which will be important when you actually sit down to draft – and review – disclosures during the proxy season. The Conference is still available by videoconference if you can’t make it to Washington DC on those days (and the Conference will be archived if those dates are conflicted for you).

If you haven’t yet, check out this detailed conference agenda to understand the types of challenges you should expect to face from the new rules.

Sample Executive Compensation Disclosures

Even in advance of our comprehensive Conference coming up in a few weeks, many of you are – wisely – drafting mock disclosures to figure out how the SEC’s new rules impact your unique circumstances. To assist you, we have organized a horde of Mark Borge’s blogs from the past year – each of which provides analysis about how a particular company attempted to meet a component of the SEC’s then proposed rules – in these sample disclosures. These sample disclosures are posted in CompensationStandards.com’s “The SEC’s New Rules” Practice Area.

As new proxy statements are filed, you can be sure that Mark will be analyzing how they stack up against the new SEC requirements in his “Proxy Disclosure Blog.”

Insider Trading Law Quirk?

A few bloggers are eating up the story about Dallas Mav’s owner Mark Cuban’s new ShareSleuth.com site (which I blogged about pre-launch) and the revelation that Mark is selling short in some of the companies for which the site does investigative reporting to find a company’s warts. Gary Weiss does a juicy job – and has been battling Cuban – in his blog: see Round I, Round II and Round III. And Bruce Carton gives us the full-on legal analysis in his “Securities Litigation Watch” Blog.